Echoes of Financial Bubbles: Lessons from the Past

This chapter explores the historical parallels between past financial bubbles, such as the dot-com and telecom booms, and the current surge in artificial intelligence investments. It emphasizes the cyclical nature of over-optimism among investors and the systemic risks presented by large tech companies today. The discussion highlights the duality of economic bubbles, showcasing how they can lead to both significant financial losses and valuable societal advancements.